Company

Management Team

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Charles A. Warden Chairman, Mid Atlantic Capital Group, Inc.
Paul Schneider CEO, Mid Atlantic Capital Group, Inc.
Timothy Friday Institutional Services Group CEO and President, Mid Atlantic Trust Company
David J. Down Wealth Management Services Group CEO and President, Mid Atlantic Capital Corporation
Charles W. Friday, Jr. Executive Vice President, Institutional Sales
Daniel J. Sterling Executive Vice President, Operations
Michele A. Coletti Executive Vice President, Trust Product Management
Joseph F. Banco, Jr. CFO, Mid Atlantic Capital Group, Inc.
Dan Leman CTO, Mid Atlantic Capital Group, Inc.
Timothy L. Brown Chief Compliance Officer and President, Western Region
Michael S. Brownlee Senior Vice President and Manager, Trading Group
Erin N. Fischer Vice President and General Counsel
Gretchen A. Friday Senior Vice President, Trust Operations
Jeanine Colditz Devine Vice President, Compliance – Pittsburgh
Sarah Fong Vice President, Compliance – Sacramento
William H. Jenkins Vice President, Compliance – Pittsburgh
Jean Sesler Senior Vice President and Manager, Wealth Management Services
Kyle P. Smith Senior Vice President and Manager, Advisor Services Group
Leigh Ann Paich Senior Vice President, Risk
Nicholas B. Ventura Vice President, Trust Trading and Brokerage
Nicole O’Connell Vice President, Custody Asset Movement & Control
William J. Woods Vice President and Director of Research

Charles A. Warden

Chairman, Mid Atlantic Capital Group, Inc.
Chuck_Warden

Over 30 years ago, Mr. Warden formed the various companies that have now become Mid Atlantic Capital Group, Inc. and its affiliates. He began his career with an international accounting firm where he had principal account responsibilities for clients primarily in the investment and financial services industries.

In 1990, Mr. Warden founded Pennsylvania Capital Bank, where he served in various capacities over the following 10 years, including Chairman and CEO. In 2001, Pennsylvania Capital merged with Three Rivers Bank (then NASDAQ:TRBC), where he then served as a director and executive committee member until Sky Bank (then NASDAQ:SKYF) acquired Three Rivers the following year. Also, Mr. Warden was a co-founder and Chairman of Mid Atlantic Institutional Shares, Inc., which from its formation in the mid-1990’s grew to become one of the nation’s largest money fund networks and mutual fund trading platforms, with in excess of $30b in assets of record, until its acquisition by Sungard (then NYSE:SDS). Subsequent to that, Mr. Warden was co-founder of Mid Atlantic Financial Platforms, Inc., which has since become part of Mid Atlantic Trust Company.

Mr. Warden holds a B.S. in Engineering from the University of Pittsburgh, and an M.B.A. from the Joseph M. Katz Graduate School of Business at the University of Pittsburgh.

He is a Certified Public Accountant (inactive) and an Associated Person of Mid Atlantic’s Registered Investment Adviser. Mr. Warden has served in various capacities with community and professional organizations, and was Treasurer of the Young Presidents` Organization (YPO) Pittsburgh Chapter. He is presently a member of YPO Gold, Pittsburgh Chapter. Mr. Warden also formerly served as Chairman of the Board of Directors of Sky Bank, Pittsburgh Region (now part of Huntington Bancshares).

Paul Schneider

CEO, Mid Atlantic Capital Group, Inc.

Paul_SchneiderMr. Schneider built solutions for the financial industry for over 20 years. He started as a software tester with the financial technology firm, SunGard Data Systems in 1989. Paul’s distinct ability to identify opportunities, deliver timely solutions, and create value for his clients propelled him through multiple positions within SunGard. By the time he left 15 years later, he had risen to one of the top executive positions in this S&P 500 company as Group CEO of SunGard Financial Networks.

In 2004 Paul helped form Mid Atlantic Financial Platforms, Inc., which today is known today as Mid Atlantic Trust Company. This company brought a new level of sophistication in trading and custody services for third party administrators’ and registered investment advisors’ clientele. Its offering principally includes innovative trading, directed trustee, custody, sub-custody, paying agent, and reporting services for the retirement and wealth management space. Under Mr. Schneider’s hands-on leadership, Mid Atlantic has successfully developed and deployed pioneering financial products such as the TNS technology & custody platform, ModelxChange®, ETFxChange®, DepositxChangeTM, and others.

Paul now serves as CEO of Mid Atlantic’s parent company, and on the executive committee of its board as well as the boards of its various operating subsidiaries.

Timothy Friday

Institutional Services Group CEO and President, Mid Atlantic Trust Company

Tim_FridayTim has been in the financial services industry since he graduated from John Carroll University, Cleveland, OH in 1984.

His career began with Federated Investors, Inc. where he worked with banks, savings and loans, and trust departments representing asset management and trust investment services. From there, he spent time with Mellon Bank in the global cash management division where he consulted for Fortune 500 companies in New York and Connecticut.

Tim also held various management positions with the Federal Home Loan Bank and Bisys Fund Services where he concentrated on raising bank capital and lending services as well as product management and delivery of investment products to the institutional buy-side of the street.

In 1995, he co-founded Mid Atlantic Institutional Shares, Inc. (“MAIS”) where he was president and CEO. MAIS quickly became one of the most prominent trading platforms in the nation, focusing on the TPA, corporate, and trust department marketplace. It grew to over $30 billion in client assets under administration. In November 2002, Mid Atlantic Institutional Shares, Inc. was sold to SunGard and combined its product and services with SunGard’s STN Funds where Tim then served as president.

In 2004 Tim, along with several other key industry figures, developed a company that has become Mid Atlantic Trust Company (“MATC”). This company was designed to complement the services MAIS had offered to its TPA and trust clientele. It currently offers directed trustee, custody, sub-custody, paying agent, and reporting services for the retirement and trust space.

Tim now serves on the executive committee of the Mid Atlantic companies and as president of Mid Atlantic Trust Company and is concentrating his efforts on the institutional and retirement plan administration marketplaces and advisor recruiting.

David J. Down

Wealth Management Services Group CEO and President, Mid Atlantic Capital Corporation

Dave_DownMr. Down is the Wealth Management Services Group CEO. He also serves on the board of directors of Mid Atlantic Capital Group, Inc., as well as its three primary operating subsidiaries, Mid Atlantic Financial Management, Inc.- a registered investment advisor, Mid Atlantic Capital Corporation – a FINRA registered broker-dealer and Mid Atlantic Trust Company – a South Dakota non-depository trust company. He has been with the company since 1987. From 1997 to 2004 he served as the executive in charge of the asset management division, where he was responsible for research, development of proprietary investment programs, financial analysis, client reporting and operations and trading supervision. Mr. Down is also President of Stonehaven Capital Management, LLC. He serves on an advisory board for Allegheny Valley Bank and is a director for Poseidon Insurance, Inc. and Leeward Insurance Group, Limited.

He earned his Bachelor of Arts degree in Economics and Business (dual major) from the University of Pittsburgh. He earned his Master’s degree in Business Administration (with an emphasis in finance) from the University of Miami. He is a licensed representative, principal and options principal with the Financial Industry Regulatory Authority and an associated person of the Registered Investment Advisor.

Charles W. Friday, Jr.

Executive Vice President, Institutional Sales

Charlie_FridayCharlie has been in the financial services industry since graduating from Lehigh University in 1994. He began his career at Ameriprise Financial and several years later joined Mid Atlantic Institutional Shares, Inc. (“MAIS”) where he was a shareholder and responsible for sales of MAIS’s institutional money market and mutual fund brokerage services.

MAIS grew to over $30 billion in client assets under administration and was acquired by Sungard in October of 2002, after which time Charlie worked in treasury management sales at Sungard, until co-founding Institutional Trading Services, LLC (“ITS”) in 2005. Since its founding, ITS provided electronic trading and execution services for equity and fixed income securities, primarily for bank trust wealth management groups and asset managers around the country.

ITS was acquired by Mid Atlantic Capital Group, Inc. in May of 2015. Charlie joined Mid Atlantic Capital Group, Inc. as a shareholder and now serves as a general securities principal and Executive Vice President of Mid Atlantic Capital Corporation, in charge of sales and relationship management for its trust and asset management brokerage customers.

Charlie received his Bachelor of Science degree in Finance from Lehigh University in 1994. He holds the Series 7, 24, 53, 63, 79, and 99 securities licenses.

Daniel J. Sterling

Executive Vice President, Operations

Mr. Sterling is Executive Vice President of Mid Atlantic Capital Group, Inc., and is responsible for all brokerage, advisory, custody, and trust operations groups of the company. In this capacity, he oversees mutual fund brokerage, ACATS, asset movement and controls, custody operations, and trust and brokerage customer support operations.

Mr. Sterling began his career in 1994 as AVP of Operations Control at Barings Securities, where his responsibilities included financial analysis, and development of policies and procedures for global cash reconciliation. In 2002 he became VP, Asset Servicing, Physical Operations at BNY Mellon (then Bank of New York). In this position he was responsible for overall direction for the U.S. settlements related to trade processing, tri-party repos, time deposits, precious metals safekeeping and all aspects of physical custody of certificated securities.

At BNY Mellon, Mr. Sterling was appointed Managing Director Investment Services, Global Operations, U.S. Settlements (2008-2016). In this capacity he addressed U.S. settlement compliance issues, approved risk mitigation plans, developed operational standards, and elevated departmental presence through exemplary customer service and problem resolution. He was a subject matter expert in the areas of trading, settlement, and custody for DTC, FRB, money market and mutual funds, time deposits, repos and various other securities.

Mr. Sterling received a Bachelor of Science degree in business administration from the Indiana University of Pennsylvania.

Michele A. Coletti

Executive Vice President, Trust Product Management

Michele ColettiMichele Coletti joined Mid Atlantic in 2008 and serves as EVP of Trust Product Management She has over 25 years of experience in the retirement plan industry in various roles encompassing the recordkeeping, compliance, and trading of qualified and non-qualified plans. In her role as Trust Product Manager, she spearheads new solutions for Mid Atlantic’s open architecture platform providing custody and clearing support to intermediary partners and outside dealers. Ms. Coletti also manages the Mutual Fund Services team responsible for negotiation of mutual fund selling and servicing agreements, fee and commission invoicing and collection, dealer compensation solutions, and fund compliance. In 2017, Michele assumed oversight duties of Mid Atlantic’s enterprise risk management functions and also the recently formed Home Office Services division, which provides a variety of compliance and processing based solutions primarily to the large broker-dealer marketplace.

Prior to joining Mid Atlantic, Ms. Coletti spent 13 years with SunGard managing key vendor relationships and initiatives. She is a member of the Investment Company Institute’s Bank, Trust, and Recordkeeping Advisory Committee (BTRAC). A summa cum laude graduate of St. Bonaventure University, Ms. Coletti also holds the Certified Employee Benefit Specialist (CEBS) designation from IFEBP and the Wharton School as well as the Qualified 401(k) Administrator designation (QKA) from the American Retirement Association (ASPPA).

Joseph F. Banco, Jr.

CFO, Mid Atlantic Capital Group, Inc.

Joe_BancoMr. Banco is the Chief Financial Officer and Secretary/Treasurer of the Mid Atlantic Group of companies. He also serves on the board of directors of Mid Atlantic Capital Group, Inc., as well as its three primary operating subsidiaries, Mid Atlantic Financial Management, Inc.- a registered investment advisor, Mid Atlantic Capital Corporation – a FINRA registered broker-dealer and Mid Atlantic Trust Company – a South Dakota non-depository trust company Mr. Banco joined Mid Atlantic in 1996; he is responsible for the supervision of the finance and accounting functions, as well as all financial regulatory reporting. He serves as the Financial Operations Principal of the broker-dealer. Prior to joining Mid Atlantic, Mr. Banco was a manager in the audit division of Arthur Andersen LLP.

Mr. Banco received a Bachelor of Business Administration degree in Accounting from Wheeling Jesuit College in 1988 and is also a member of the American Institute of Certified Public Accountants.

Dan Leman

CTO, Mid Atlantic Capital Group, Inc.

Dan_LemanDan joined Mid Atlantic in 2006 and currently serves at its Chief Technology Officer, In which capacity he oversee the software development, technology infrastructure, and development project management teams. His groupis responsible for designing, building and operating Mid Atlantic’s best of breed financial technology applications, as well as its cybersecurity functions.

Dan has been developing software for over 20 years. Prior to joining Mid Atlantic, Dan spent 15 years with SunGard developing applications for the financial industry. While at Sungard, he was the lead developer and then product manager for the SunGard Transaction Network FIX equity trading network. Prior to that, he worked for an enterprise business management solutions company and was a partner in an IT consulting company start up.

Dan received his B.A. from the University of Illinois Chicago. He is a Registered Representative of the broker-dealer and holds the Series 99 Operations Professional securities license.

Timothy L. Brown

Chief Compliance Officer and President, Western Region

Tim BrownMr. Brown, formerly President of London Pacific Securities (“LPS”), joined Mid Atlantic in 2004 when Mid Atlantic Capital Group acquired the assets of LPS. He is the firm’s Chief Compliance Officer and oversees Mid Atlantic’s western offices located in Sacramento, California.

Mr. Brown was with London Pacific since 1986 and served in many capacities including Director, Chief Financial Officer, and Chief Compliance Officer. He worked for Coopers & Lybrand, CPAs (now PriceWaterhouseCoopers) and in the banking industry before joining London Pacific.

Tim received a B.S. in business administration from California State University, Chico. He is a member of the American Institute of Certified Public Accountants. He is a Registered Representative and Principal of the broker-dealer and holds the Series 7, 24, 27, and 63 securities licenses.

Michael S. Brownlee

Senior Vice President and Manager, Trading Group

Mike BrownleeMr. Brownlee joined the firm in 1993 and currently oversees Mid Atlantic`s institutional and block trading desk, which processes several thousand trades per week. Prior to 1993, he held positions as a retail broker at Merrill Lynch, RC Towne/Gruntal, and A.G. Edwards.

Mr. Brownlee received his Bachelor of Arts degree in Economics and Political Science from the University of Pittsburgh in 1976.

Erin N. Fischer

Vice President and General Counsel

Erin_FischerAs Mid Atlantic’s General Counsel, Erin advises the company on a broad range of legal issues. Prior to joining Mid Atlantic, Erin was a commercial litigator with an international law firm, out of its Pittsburgh office. She was named a Rising Star as part of the Pennsylvania Super Lawyers awards and to Pittsburgh Magazine’s 40 under 40.

Also dedicated to her community, Erin is on the Board of Our Clubhouse, a support organization for families touched by cancer, and a mentor through Notre Dame Law School’s career office.

Erin graduated from the University of Notre Dame with a B.A. in Political Science and French, magna cum laude, and then again from Notre Dame with a J.D. While in college, she received a diploma for high French proficiency from L’Université Catholique de l’Ouest in France and, during law school, she studied in London for a summer. She is also a graduate of the Trial Advocacy College at the University of Virginia School of Law.

Gretchen A. Friday

Senior Vice President, Trust Operations

Gretchen_FridayGretchen has been with Mid Atlantic since August 2004 and manages both trust operations and trust trading for Mid Atlantic. Gretchen has been in the financial services industry since her graduation from the University of Wisconsin-Milwaukee, summa cum laude, in 1981.

Prior to joining Mid Atlantic, Gretchen worked in the trust industry for 17 years. Career responsibilities included project management, conversions, reconciliation, point person for proprietary trust systems, and procedural and policy development. Ms. Friday was formerly a client service representative at Mellon Global Securities Services in the healthcare, foundations and endowments area (now BNY Mellon) and prior to that spent ten years at Federated Investors, Inc., in the institutional trust area.

Jeanine Colditz Devine

Vice President, Compliance – Pittsburgh

Jeanine_DevineMrs. Devine joined the firm in 1983. She currently performs supervisory oversight as a Mid Atlantic compliance officer and supervisory principal. She is a corporate officer and has held various positions within the firm including Brokerage Operations and Risk Manager, Contract Administrator, Trader, and Product Administrator.

Prior to joining Mid Atlantic she attended the University of Dayton, and subsequently held positions at Penn Mutual Life Insurance Company and Manufacturers Life Insurance Company.

She is currently a Registered Representative and General Securities Principal of the broker-dealer. Mrs. Devine also serves as the Mid Atlantic Capital Corporation’s Anti-Money Laundering Compliance Officer. She holds the Series 7, 24, 52, 53, 55, 63 and 79 securities licenses.

Sarah Fong

Vice President, Compliance – Sacramento

Sarah FongMs. Fong, formerly Principal Supervisor and Compliance Officer of London Pacific Securities (“LPS”), joined Mid Atlantic in 2004 when Mid Atlantic Capital Group acquired the assets of LPS. She is the firm’s Compliance Officer.

Ms. Fong has over 20 years of experience in the financial services business. She was with LPS since 2000. She worked for CalFed Investments (now Citigroup) before joining LPS.

She attended the Hong Kong Polytechnic in Hong Kong where she received a certificate in Advanced Accounting from the London Chamber of Commerce. She is a Registered Representative and Principal of the broker-dealer. Ms. Fong also serves as the firm’s Municipal Securities Principal and Options Principal. She holds the Series 4, 6, 7, 24, 53, 55, 63, 65 and 79 securities licenses and is licensed for the sale of fixed and variable insurance contracts.

William H. Jenkins

Vice President, Compliance – Pittsburgh

Bill_JenkinsBill joined Mid Atlantic in 2008 and currently serves as a Compliance Supervisor. Bill has spent the last 17 years in the financial services industry. Prior to joining Mid Atlantic, Bill held positions at Prudential Financial as an agent and PNC Investments as a Brokerage Service rep, Customer Service rep and as a Trader.

Bill received his Bachelor of Arts Degree from the University of Pittsburgh in 1988. He is a Registered Representative of the broker-dealer and holds the Series 6, 7, 24, 63, 65, 79 and 99 securities licenses. He is also the current Vice President of the Greater Pittsburgh Compliance Roundtable, a professional organization consisting of Compliance Officers from various Western Pennsylvania financial service firms.

Jean Sesler

Senior Vice President and Manager, Wealth Management Services

Jean SeslerMs. Sesler has been with Mid Atlantic since 2003 and is Manager of the Wealth Management Services Group. In this capacity, Ms. Sesler is responsible for overseeing retail brokerage operations, new account opening and maintenance, business process management functions, and day-to-day support of the Mid Atlantic advisor community.

Prior to joining Mid Atlantic, Ms. Sesler worked at Dreyfus Investment Services Corporation which supported the retail brokerage division of BNY Mellon (then Mellon Bank). She held various positions including Brokerage Operations Manager.

Ms. Sesler received her Bachelor of Science Degree in Business Administration from Robert Morris College in Pittsburgh PA. She is a Registered Representative of the broker-dealer and holds the Series 7, 24, 27 and 63 securities licenses as well as being licensed for the sale of fixed and variable insurance contracts.

Kyle P. Smith

Senior Vice President and Manager, Advisor Services Group

Kyle SmithMr. Smith oversees advisor services for Mid Atlantic, which includes investment management research, development and management of proprietary advisor facing programs and services, advisor support services and customer data management and reporting.

Mr. Smith rejoined Mid Atlantic in January 2005 after resigning in 2000 to serve as Chief Investment Officer of Longboat Capital Management. While at Longboat, Mr. Smith focused primarily on the firm’s hedge fund investment portfolios. Prior to Longboat, Mr. Smith served as a Vice President with MACG, in its product management area. Mr. Smith became licensed as a Certified Public Accountant while employed at the start of his career with the international accounting firm of Arthur Young.

Mr. Smith received his B.S. Degree in Business Administration and Accounting from the University of Pittsburgh in 1986. He is a Registered Representative of the broker-dealer and holds the Series 3, 7, 24 and 63 securities licenses.

Leigh Ann Paich

Senior Vice President, Risk

Leigh_Ann_PaichMs. Paich joined the firm in May 2015 as compliance officer of Mid Atlantic Trust Company. In 2017 she assumed duties as the head of risk management for Mid Atlantic Capital Group, Inc., overseeing both the Internal Audit and Reconciliation departments. Her areas of responsibility include operational, financial and technology internal audit functions, and enterprise wide cash and securities custody reconciliation processes.

Leigh Ann has over 20 years of accounting, auditing, and internal control experience specializing in privately owned, highly regulated entities such as broker-dealers and registered investment advisors. She has held several positions with local and national public accounting firms and served as a controller for a locally owned broker-dealer.

Leigh Ann earned her BS in accounting in 1994 from The Pennsylvania State University. She is currently licensed as a Certified Public Accountant and Certified Financial Planner ®. She earned her Certified Regulatory Compliance Profession designation from the FINRA Institute at Wharton. She is a Registered Representative and Principal of the broker-dealer and holds the Series 7, 24, 52, 53, and 66 securities licenses.

Nicholas B. Ventura

Vice President, Trust Trading and Brokerage

Nick_VenturaNick joined Mid Atlantic in 2008 and oversees the trust trading department. His team is responsible for monitoring and processing all trading and brokerage activity for clients along with new account verifications. In this capacity he also supervises the omnibus processing and trust unitization functions of Mid Atlantic.

Nick has spent the last 15 years in the financial services industry. Prior to joining Mid Atlantic, Nick started his career as a fund accountant with PFPC (now PNC Global Investment Servicing). From there, he joined SunGard where he was responsible for relationship management for an assigned set of mutual fund trading clients.

Nick received his Bachelor of Arts degree in Accounting from Washington and Jefferson College. He is also a Registered Representative of the broker-dealer and holds the Series 6, 63, and 99 securities licenses.

Nicole O’Connell

Vice President, Custody Asset Movement & Control

Nicole joined Mid Atlantic in 2004.

Presently, Nicole serves as VP, Custody Asset Movement & Control, where she oversees her department’s cash movement activities via ACH, wire transfer, check and journal, as well as internal and customer automated cash processing functions initiated via Mid Atlantic’s TNS system. In addition, she oversees asset movement via ACATS, physical transfer, and DTCC transfer processes. As part of Mid Atlantic’s customer cash disbursement services, Nicole’s oversees Federal and state tax withholding and reporting functions.

Nicole received her B.A. from University of Pittsburgh. She is also a Certified IRA Specialist.

William J. Woods

Vice President and Director of Research

Bill_WoodsMr. Woods joined Mid Atlantic in 1997 and is a member of the product management work group. Bill is responsible for traditional and alternative manager search and selection while also spending time with advisors and clients reviewing portfolio allocations and preparing customized investment proposals. Prior to joining Mid Atlantic, Mr. Woods was a member of Mellon Financial Corporation’s Trust division.

Mr. Woods received his Bachelor of Arts degree in Finance from Saint Vincent College in 1994 and earned an MBA with a concentration in Finance from the John F. Donahue Graduate School of Business at Duquesne University. He is a Registered Representative of the broker-dealer and holds the Series 7 and 66 securities licenses.